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Nokia CPM Sample Questions:

1. The compilation and storage of lessons learned for a completed project can be used to:

A) determine the cost baseline and rollout plan for all future projects in the CT.
B) complete employee performance evaluations for those who worked on the project.
C) highlight problems and determine potential risks in future similar project.
D) adjust the final project financials to reflect the cost benefits of this knowledge.

2. What is the best timing to review the estimate at completion (EAC)?

A) Only when the project manager requests a review of the cost deviations.
B) Only during project closure, in order to consistently explain the project results.
C) Only during the planning phase, in order to anticipate all possible risks.
D) During the entire project lifecycle, at least once per month, and at every major change in scope.

3. When should the costs be recognized when utilizing IPM as part of the site process for a customer project?

A) When the subcontractor confirms receipt of the purchase order.
B) When internal acceptance is granted.
C) When the purchase order is created and sent to the subcontractor.
D) When the invoice from the subcontractor is received.

4. What is NOT a cost component based on the Nokia cost management guideline?

A) Material costs.
B) Resource costs.
C) Non conformance costs.
D) Subcontracting costs.

5. What is the back-to-back principle that Nokia implements for project vendor contracts?

A) Same items sold to the customer and purchased from the vendor.
B) Same standard contract templates towards the customer and the vendor.
C) Same invoicing terms towards the customer as from the vendor.
D) Same approval criteria towards the vendor as from the customer.

Solutions: